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Took a few more in down here.
This fckn trading restriction BS is makin me feel homicidal.
nothing. am thinking about a schwab account as I type this.
Took in another 50k earlier today @.058
I guess I'm somewhat not sure of how the dynamics of a takeover would actually be executed here.
"But CB has admitted that he has other things on his mind than investor welfare....now how would you translate?"
oh yeah?
get specific
"Down over 7% on increasing volume relative to yesterday's close."
HUH?
please excuse me one more time.
My personal stake is most of that volume.
You haven't seen volume with this stock yet.
I sure hope that changes real soon.
Increasing volume will be 10 to 15 million a day.
ltg
lawrenzo,
been a busy day? lol
You do a great job.
tks
ltg
Who's opposed to a take over?
pro
you and and pseeker can take a Thailand vaca together.
how about tomorrow.
both
lmfao
gap is gonna fill just like they always do.
wow pretty good but,
you don't know much about how trades are filled.
take care
wrong very wrong. depending on your broker, they can begin filling at 500 shares or 5000 shares. Their whim.
You are very new to this ain't cha.
gl
yahoo's numbers makes this a dime stock now.
actually I think 1800psi at the well head is a lot of pressure.
A pressure washer generates that or better but that is coming through a very small tip. The well head opening is quite a bit larger than that. LOL
Think about a good pressure washer. If you stuck your mouth on the nozzle to take a drink, it would peel the skin off your lips. lmao
Hey Farm..............
last year the quarterly was may 19
here's another worth reading
Thanks, Hawk. You know? It is interesting because I winged it off
the top of my head. BUT, the truth is that I have not tried to
contact CB over the last several weeks, I guess, because those
opinions that I expressed is how I see the situation in a nutshell.
Since I went down to visit with you last August and have spoken with
CB several times since, I have a good feel when things are going
well and when they might be not. Ever since the Padgett lease has
been frac-ed, CB has seemed to have a very positive bent on things.
The way I wrote it up is my gut feeling for the situation.
I see so many getting all bent out of shape as their emotions flow
with the general psychology of the share price. For instance, when
I posted that monstrosity I said that I was beginning to buy,
again...ie., I think that was a bottom of some sort.
I really do feel that AMEP is on the verge of some excitement at
this time, but we both know that CB holds his cards very close to
his vest. Look at all of the talk for the last 12 months about the
company being out of money, but CB has carried on doing the crucial
developmental work on the Padgett that must be done.
So, let's take a look at what Sabe said a couple of days ago about
a "buyout offer." If CB has the Padgett #11 about ready to go with
the #12 in progress......let's say somebody comes in with an offer
of 20 cents per share. What would/ could CB do? Well, he might
well immediately move to producing with the #11 and offer a PR
stating how undervalued the company is. If he were to announce a
series of PRs with the lead one discussing AMEP valuations, along
with potential #11 production, then follow with a PR on the
potentials of the Padgett based on what might be very strong #11
potential.........any investor who played "deal or no deal" with 20
cents would need to be incarcerated in an insane asylum. I think
with production from a very good Padgett well, CB could easily make
the case for a company valuation of 50+ cents as a base valuation by
the time the worth of leases was re-jiggered.
I am not saying that for this small company that chasing the
potential Mississippian High for instance is not important, but my
gut feeling is that CB sees massive opportunity in the Padgett lease
and has settled the bulk of his focus on it. How many investors
were up in arms or sold their shares in companies who were quiet,
just before very big announcements over the last few months? I have
seen very many in the PM sector. It is quite possible the same might
be said about AMEP, here and now. It takes a lot more work to get
things done down on the lease than many seem to understand, me
thinks.
"financials dont get the average investor to put thousands of $ of their money in long shots. communication does."
Well not quite sport. Close though.
Numbers will take care of everything in the long run.
An outline of what's what and what's to come will happen when they are good and ready.
ltg
I never look at yahoo or rb any longer. other things to do.
this and saber's board is enough.
farm is a laugh without question.
Id prefer he post here. Great for a snicker.
my bet is that farm buys back the stock but, he waits until he sees that the stock price is going to exceed his last sell in the 7s thus squandering an enormous trade opp.
The last thing you want to do with an OTC stock is place a market order versus a limit. Execute a few of those and sooner or later you will see why it isn't a great idea.
redneckwoman
in answer to your private messsage. No that repost this am was most certainly not written by joe christopher.
I would be the last person to be posting any BS by Joe. Besides Joe only believes in the spoken word. Less paper trail that way.
you mean the 200ma is .058
stock up 19% on small volume. Brokerage houses will want to investigate. lol
Dang I might miss the 5s too. That is annoying.
McQ
every once in awhile I have a nervous breakdown with this but I usually snap back fairly quickly.
Been in too long not to see the story play out.
I see a very different picture coming soon.
ltg
low 5s or high 4s will work for me just fine. Money slidin in to my brokerage account later today for a another 100k.
Ultimately the numbers will speak for themselves. Now or later. It doesn't much matter really. Soon enough I suspect. The market will take the stock price to where it rightfully belongs regardless of PRs. The numbers will do the talking and they will be heard.
Looks like I might miss those dang 4s again.
ltg
I did not write that post.
It's signed at the bottom.
I'm taking the liberty to repost this,
Don't need to, Sabe. If the Padgett 11 came online, tomorrow, as a
monster, along with a horizontal monster for #12, the market would
immediately price in the potential for more monster wells on the
Padgett lease. We could easily see the price run to 70 to 80 cents,
or higher, on such news. Just that would likely double the values of
all the AMEP leases in the area......as well as all leases in the
area, and I might be rather conservative in that statement.
How fast could AMEP drill the wells on the Padgett? Well, if CB wants
to drill verticals he could drill one a week using air if he so
chooses.
We must remember that this second tier area of the Barnett Shale might
then be valued over second tier. What CB and Johnny are really doing
(as is anybody drilling that area of the Barnett Shale at this time,
is that they are pioneers.) If the above scenario were to play out,
CB would likely at some point pick up another drill or two and cut
some deals with others. But, he would be taking those deals on as the
premiere driller with experience in that area of the Barnett Shale and
might well earn an additional premium. You would be talking day
rates....plus....a percentage on each well
drilled......plus...whatever CB could work out.
IF CB knows he has a monster in the first Padgett well, he needs to
keep his nose to the grindstone at the Padgett Lease, IMO. That one
lease could easily propel share price to around 2.50 over one years
time IF he comes up with half a dozen monster wells with many to go.
Since the market is a discounting mechanism it would very quickly
discount in many more Padgett wells to be drilled, along with
automatically upgrading the land values that AMEP owns in the area.
Ever hear of a company called ECU.V? A kick-ass Padgett would be the
equivalent of an ECU run, but where it took ECU to drill reserves over
a long period of time, an oil company can do the equivalent much
faster. Just like companies like ECU and BQI have gone from pennies
to dollars with NO EARINGS whatsoever, AMEP would be viewed in terms
of a growth stock with massively higher discounted potentials.
In this case it would actually, IMO, be in AMEP's best interest
to "not" release distracting info on the other wells, but to quickly
move to the Padgett news.....news that IMO would shoot the share price
off like a rocket, especially considering the very poor investor
psychyology, today. The momentum move, a move backed by real core
fundamentals, would bring large numbers of investors and funds into a
buying cycle, IMO, very quickly.
So you tell me. Is the Padgett for real? If so, then CB is better
off keeping quiet and drilling the second well before he starts
production from the first well. An announcement of a monster #11,
quickly followed by a monster #12 would send the share price off like
a rocket. If that were to happen, then CB would have no cash flow
problems from that point. He could then scrape money together to
continue drilling some verticals on the Padgett until some revenues
caught up, OR, he could sell a limited number of shares at a higher
price, probably in a "bought deal private placement with some kind of
warrants attached" to not add supply to hurt the stock price. Such a
deal would be of restricted shares for 6 months, or so. Such a stock
sale if done at 40 to 50 cents, or higher, should not be dissed by
shareholders, IMO. A PR would need to be provided explaining that the
shares are being sold to further develop the Padgett lease.
At this point the share price would be supported by a massive momentum
in higher earnings, revenues, and cash flows.
I guess I am saying that up until the Padgett #11 was drilled, this
was a company with "hope for some wells." IF the Padgett #11 is for
real, then with that drill result this chess game changed dramatically
with investor simply not realizing it. At that point CB is no
longer "chasing The Great White
Buffalo." At that point all he has to do is to "not" mess up in
develping the Great White Buffalo he now HAS.
What I am saying is that if the stories on the Padgett are for real,
then the Padgett by itself is a company-maker, no? If so, then let's
not panic ourselves off into rig-lease scenarios, yet. Let's nail the
Great White Buffalo, then let CB venture off in those other
directions, which "HE ALREADY HAS POTENTIAL PLANS FOR"- I know. CB
has many different ideas that are very well thought-out for potentials
that can be big deals for the company, but he has to nail something,
first. If the Padgett is for real, that is a very, very big step for
all of the rest that CB can do with this company. CB will never be
able to discuss it in "Sabe-speak", but he has a good common sense
handle on practically the same ideas. The vital difference is that
Sabe wants to make "paper moves" at this time that will to some extent
limit the flexibility of the company, IMO. CB is doing the same in a
slightly different order but keeping the flexibility AND FULL
OWNERSHIP for AMEP's shareholders.
IF the Padgett lease is for real, then CB already has the tiger by the
tail, AND your shares are already intrinsically worth about a buck
apiece, though the market has not figured it out, yet. IF the Padgett
is really all bull, then you will IMO quickly see CB move to drilling
for others. JUST THE FACT THAT HE HAS NOT, IN FACT, THAT HE HAS
SHIFTED 180 DEGREES ON THE DRILLING FOR OTHERS ISSUE, TELLS ME THAT
THE PADGETT IS FOR REAL. If so, then an announcement of a couple of
Padgett wells will absolutley shock the pants off of the markets.
Again, IMO, the fact that CB rigged the second drill to drill with air
was a specific choice for the Padgett lease, IMO. I think he was
looking at quickly developing the Padgett lease at a much lower cost
with it.
Thus, if the Padgett is for real, then CB by necessity is stuck
between a rock and a hard spot. He likely wants to keep local
valuations down (to grab more leases), though he'd love to get
production, up. I believe that has been the mindset of CB for the
last 6 months, or so. If so, it is a win-win dilemma for him. He
really does appear to be a great deal-maker. This is why I suggest we
give the man some time to find out what the Padgett lease really is.
For if it "is what we think it is", then we as investors really have
no problems except for how artistically CB can work out even more
value. Sabe might have his biggest investment percentage gain EVER by
letting CB run with the football.
Let me remind you. CB has NOT skipped a beat, though many have
crapped all over him. He found a way to buy the rigs when nobody else
had the ability nor the insight. He basically walked through an SEC
investigation and came out clean as a whistle. He bought the leases
when nobody had the insight. He is now potentially drilling the
second well on a "Barnett Shale Tier II"- buster lease as a pioneer in
drilling the area. Jeezuz H Christo, what do you want? Do you want a
few pennies of
earnings, now, or do you want The Great White Buffalo in the barn a
bit later? $2.50 is a 50 bagger. If the Padgett is a monster that is
in the bag, IMO, and not a decade off. 3 to 4 monster Padgett wells
will probably do it as the market psychology is forced to turn
dramatically higher.
That is the question. What is the Padgett lease?
Joe............GR
---
bulls/it farm. You'll be back in.
Besides. The board needs your dumb azz around for a good laugh.
I'd love to know that you never bought back your shares when this does move. It isn't going to be down here for a long time.
Another 100,000 shares goes in my kitty next week.
Farm
the only intelligent post I have read by you ever was, "I sold in the 7s." You must of just had a large lower movement that stimulated your very dim light in the gray matter department
You ought to quit while you are marginally ahead.
You just ain't very smart.
yeah it is
BUT..............
the thing is ..........condensed...
things are still goin along forward. IF>>>>>>>> it declines... it may or may not...... I'm still a buyer.
I think this brokerage glitch is horsec..k for absolutely no reason.
Sue your fckn broker for takin such good care of ya!!!!!!
The SEC is gone and now it's catchup.
ltg
"I tend to believe that was a buy not a sell."
lol... oh man I just don't know anymore.
What I do know is, this is firmly back in POS land after 2 days of trading. I added a few at .057 this am.
etrade has a restriction on online trading to protect the customer. lmfao. I am waiting for a call by 430 to tell me why or it's scottrade time. It takes 10 days to transfer and I thought what if news comes during the transition time and I want to trade some or all of my stock? Then I gave my head a shake about the news aspect of my problem and erased it from my mind.
Welcome to the twilight zone and amep.
"As to why there have been no official PR's - do we really really really have to go over that again?"
yeah and gee if they could of PRd I wonder what they would of said.
"well so far folks, everything we have done out in the field is either not completed or not worth completing."
that's all for now.
yeah allan ask good ole cb when the craps gets cut here and they start selling some gas out of a f.kn well they spud.
tell him not to scratch his head too hard about the sell off which now that it is below the 200 is exactly what it is.
ask him if he can humble his sorry azz and take on a partner that knows wtf they are doing so they can stop screwing absolutely everything they do into a major clusterfck.
it's all just an embarrassment at this point or so it should be.
gag orders my azz
can't blame this on bashers. This has turned into a first class piece of s/it one more time.
WE all laughed at farm when he sold in the high 7s.
Until these clowns in Texas learn how to finish a well this is gonna be it.
Hell who knows,
maybe by the time an actual PR comes out they will have drilled all 7000 acres and it will go straight to 20 bucks.
Giving bitters lead around the PR issue at present is because of this,
merican Energy Production Inc. is a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in its 'investee.' A BDC company does not consolidate financial statements with its investees and each investee operates independently.
The value of a BDC is derived by adding the value of each of the investees. In the case of AMEP, each investee's oil and gas leases and producing properties and equipment will be evaluated by a oil and gas appraiser and then the independent members of the Board of Directors of AMEP will use this information along with other relevant facts and arrive at a value of each investee and the complete BDC.
This follows after all PRs.
now that is not the case any longer or at least it will not be as soon as it is official and then the PRs will be worded differently I suspect.
I don't know. What I do know is as I said earlier. It's always something. The gag order has worked well for them up to this point because it has just been a series of fckups with nothing to report. Hopefully that will change or has changed before NG isn't a commodity anymore or... I die before fruition.